Brazil posted another big foreign trade surplus in April, this time $6.1 billion for a four-month total of $20.1 billion, the Ministry of Industry, Trade and Services said Wednesday. The surplus was down 11% versus April of 2017 while the four-month figure was down 6% versus the same period a year ago. The decline in the surplus was widely expected. Imports are growing on Brazil’s economic recovery while commodities prices are stagnant or in decline. The government is forecasting a 2018 surplus of $56 billion, down from a record $67 billion in 2017.
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